Report ID: UCMIG25F2002
Report ID:
UCMIG25F2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
As the number of people who work from home grows, Google searches for "home office chairs" are going up rapidly. People have spent more money on home office furniture as they have learned how important comfort is when working from home. Reports from Steelcase, Inc., Hermann Millers, Inc., and other global companies show that sales of home office furniture, especially sitting furniture, have increased dramatically. Multinational companies have provided their employees with a work-from-home allowance so they can have a better and more pleasant work environment. The global player's encouragement and support of working from home have led to an increase in the market for home office furniture and is predicted to do so during the analysis period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for Home Office Furniture was estimated to be valued at US$ XX Mn in 2021.
The Home Office Furniture Market is estimated to grow at a CAGR of XX% by 2028.
The Home Office Furniture Market is segmented on the basis of Product Type, Material Type, Price Range, Distribution Channel, Region.
Based on region, the Home Office Furniture Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Home Office Furniture Market are Haworth, Inc., Inter IKEA Systems BV, Steelcase, Inc., Masco Corporation, HNI Corporation, L & J.G. STICKLEY, Inc., Kimball International, Inc., Okamura Corporation, Basset Furniture Industries, Durham Furniture, Inc..
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Report ID: UCMIG25F2002